At least that’s what the project’s master developer, lawmakers and local officials have said will come from new legislation aimed at reviving the struggling redevelopment of the former South Weymouth Naval Air Station in Weymouth, Rockland and Abington. That bill is awaiting the governor’s signature, the final step before the project’s latest reboot becomes law.

But there’s plenty more work to be done by the towns, the state and the developer to implement the sweeping changes before the long-stalled redevelopment can finally take off. And it has to start quickly.

Plans for SouthField include 2,855 homes and apartments and 900,000 to 2 million square feet of commercial space. The first home construction started in 2011, and more than 500 people live there now. But the project has been stymied by false starts, delays and finger-pointing and is now years behind schedule.

The bill incorporates changes first proposed by the project’s master developer, Starwood Land Ventures, that the company said would save the project from certain failure. It would strip authority from the project’s quasi-governmental overseer, South Shore Tri-Town Development Corp., and transform it into the equivalent of a planning board renamed the Southfield Redevelopment Authority.

Responsibility for public services would revert back to the towns and each town would be able to collect property taxes on its portion rather than having them go to Tri-Town.

The bill would also oust the authority’s five-member board of directors and replace it with a new, nine-member board within 30 to 60 days. The new directors will immediately have to tackle getting up to speed on a project that’s struggled for nearly two decades.

“There’s going to be a whole new board that’s got to get up and running in a very short amount of time,” Weymouth Mayor Susan Kay said. “I’m a little concerned about that.”

House Majority Leader Ronald Mariano, D-Quincy, said once the new board is up and running and the master developer presents firm plans for moving forward, it will trigger new interest from developers who had been scared off by the project’s repeated stalls.

The new board will also have tackle the fact that Tri-Town’s budget runs out at the end of September, with no funding plan for the rest of the year.

The towns will also have to work with the state to figure out a tax rate for SouthField by Oct. 15. That rate will be based on the towns’ local tax rates plus an additional amount to fund the slimmed-down redevelopment authority, but that amount is not defined in the legislation.

The towns are set to take over public services at their own expense and tax collection as early as Jan. 1, 2015.

While the towns scramble to appoint new board members, Starwood still has to work out with the state a plan for funding construction of a missing section of a new parkway across the former base and reworking the terms for paying back the cost of the section that’s already completed.

And the developer has to make good on promises to connect long-term sources of water and sewerage, both seen as major hurdles that helped ground the project, and to finally draw in the long-awaited commercial development that was supposed to be the backbone of an economic revival for the towns.

Starwood Vice President Matthew Barry said the company has already heard from interested developers, and that future construction will be tied to the work on the parkway.

“The moment the Senate (passed) the bill, our phones started ringing,” Barry said. “There’s a lot of excitement in the market for residential, retail, as well as commercial.”

Starwood plans to complete the water and sewer projects, see the parkway completed and sign deals with developers to build more than 330 homes and apartments in the next two to three years.

The company has a lot to prove after months of pushing the proposed changes, said Kevin Donovan, Tri-Town’s former executive director.

“It’s on Starwood,” he said. “They’ve been handed the ball. They made a lot of promises and assurances. It’s time for them to deliver.”

The Tri-Town board earlier this month terminated its contracts with Donovan and Chief Financial Officer James Wilson, at their suggestion. The board hired both back as consultants through the end of this month.

What happens to the remaining four full-time equivalent employees at Tri-Town will be up to the new board, Donovan said.

Reach Christian Schiavone at cschiavone@ledger.com or follow him on Twitter @CSchiavo_Ledger.